Latest Ratios: P/E Ratio 737.3x · EV/EBITDA 21.8x · ROE 0.6%. (2006–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $314M | $173M | $158M | $68M | $47M | $23M | $14M | $13M | $20M | $15M | $25M |
| Enterprise Value | $376M | $235M | $181M | $99M | $82M | $42M | $19M | $28M | $35M | $37M | $37M |
| P/E Ratio → | 737.28 | 453.95 | 6.29 | 9.20 | 12.43 | 2.48 | 6.83 | 7.80 | 8.21 | — | 8.24 |
| P/S Ratio | 0.76 | 0.42 | 0.45 | 0.22 | 0.24 | 0.18 | 0.12 | 0.08 | 0.15 | 0.11 | 0.16 |
| P/B Ratio | 4.74 | 2.92 | 2.69 | 1.95 | 1.65 | 0.92 | 0.55 | 0.53 | 0.87 | 0.71 | 1.10 |
| P/FCF | — | — | 15.89 | 6.59 | 15.68 | — | 1.23 | 13.64 | 2.83 | — | 7.33 |
| P/OCF | 75.82 | 41.75 | 8.44 | 3.20 | 5.64 | 28.30 | 0.94 | 3.03 | 2.24 | 12.70 | 3.65 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.57 | 0.51 | 0.33 | 0.41 | 0.34 | 0.16 | 0.16 | 0.26 | 0.26 | 0.24 |
| EV / EBITDA | 21.79 | 13.61 | 6.29 | 4.76 | 6.52 | 11.10 | 2.32 | 3.51 | 4.31 | 10.22 | 3.98 |
| EV / EBIT | 89.12 | 57.61 | 5.07 | 7.76 | 11.65 | — | 4.60 | 6.96 | 8.08 | 101.25 | 5.33 |
| EV / FCF | — | — | 18.26 | 9.69 | 27.41 | — | 1.63 | 29.11 | 4.88 | — | 11.09 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.4% | 9.4% | 14.2% | 12.1% | 11.3% | 10.6% | 11.3% | 7.3% | 8.6% | 5.5% | 9.1% |
| Operating Margin | 1.0% | 1.0% | 5.6% | 4.3% | 3.3% | -0.9% | 3.1% | 2.2% | 2.9% | 0.3% | 4.4% |
| Net Profit Margin | 0.1% | 0.1% | 7.1% | 2.4% | 1.9% | -0.7% | 2.0% | 1.1% | 1.9% | -0.3% | 2.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.6% | 0.6% | 53.8% | 23.6% | 14.2% | -3.5% | 9.6% | 8.3% | 11.3% | -1.8% | 15.1% |
| ROA | 0.2% | 0.2% | 16.7% | 5.8% | 4.1% | -1.4% | 4.3% | 3.6% | 4.5% | -0.7% | 6.3% |
| ROIC | 3.1% | 3.1% | 20.0% | 15.1% | 9.1% | -2.3% | 7.9% | 7.4% | 7.2% | 0.7% | 15.3% |
| ROCE | 4.2% | 4.2% | 27.1% | 23.7% | 15.7% | -3.0% | 9.5% | 11.1% | 12.6% | 1.2% | 22.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.25 | 1.25 | 0.62 | 1.39 | 1.50 | 1.11 | 0.61 | 0.79 | 0.68 | 1.12 | 0.73 |
| Debt / EBITDA | 4.31 | 4.31 | 1.26 | 2.31 | 3.38 | 7.28 | 1.96 | 2.44 | 1.94 | 6.55 | 1.75 |
| Net Debt / Equity | — | 1.05 | 0.40 | 0.92 | 1.24 | 0.78 | 0.18 | 0.60 | 0.63 | 1.04 | 0.56 |
| Net Debt / EBITDA | 3.60 | 3.60 | 0.81 | 1.52 | 2.79 | 5.10 | 0.56 | 1.86 | 1.81 | 6.09 | 1.35 |
| Debt / FCF | — | — | 2.36 | 3.10 | 11.72 | — | 0.40 | 15.46 | 2.05 | — | 3.76 |
| Interest Coverage | 1.27 | 1.27 | 16.32 | 5.31 | 7.09 | -0.30 | 8.35 | 3.78 | 4.73 | 0.44 | 8.01 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.48 | 1.48 | 1.49 | 1.19 | 1.08 | 1.25 | 2.22 | 2.14 | 1.60 | 1.46 | 1.71 |
| Quick Ratio | 1.48 | 1.48 | 1.49 | 1.19 | 1.08 | 1.25 | 2.22 | 2.14 | 1.60 | 1.46 | 1.71 |
| Cash Ratio | 0.12 | 0.12 | 0.17 | 0.21 | 0.11 | 0.24 | 0.60 | 0.25 | 0.05 | 0.06 | 0.16 |
| Asset Turnover | — | 1.91 | 2.22 | 2.13 | 1.75 | 1.75 | 2.05 | 3.12 | 2.48 | 2.45 | 2.76 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 113.37 | 96.90 | 90.30 | 109.02 | 93.03 | 83.34 | 66.50 | 88.05 | 83.79 | 84.04 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.9% | 0.6% | 1.2% | — | 1.4% | 4.9% | 2.4% | 1.5% | 4.7% | 2.8% |
| Payout Ratio | 396.2% | 396.2% | 4.0% | 11.3% | — | — | 28.6% | — | — | — | 21.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.2% | 15.9% | 10.9% | 8.0% | 40.4% | 14.6% | 12.8% | 12.2% | — | 12.1% |
| FCF Yield | — | — | 6.3% | 15.2% | 6.4% | — | 81.0% | 7.3% | 35.3% | — | 13.6% |
| Buyback Yield | 0.3% | 0.5% | 0.0% | 0.3% | 2.6% | 0.0% | 1.9% | 2.3% | 0.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.8% | 1.4% | 0.7% | 1.6% | 2.6% | 1.4% | 6.8% | 4.6% | 1.8% | 4.7% | 2.8% |
| Shares Outstanding | — | $17M | $17M | $17M | $16M | $14M | $17M | $17M | $18M | $14M | $18M |
Project execution margin volatility
Based on current market data, ESOA trades at a trailing P/E of 830.70, a valuation multiple that appears significantly disconnected from its thin 0.09% net margin and suggests investors are pricing in a speculative turnaround rather than the company's historical ability to generate consistent bottom-line earnings.
The forward P/E of 25.95 implies a substantial expectation for earnings growth that the company's recent volatile performance has yet to justify. Compared to peers like Primoris Services, which trade at more moderate multiples, ESOA's valuation appears to be driven by its micro-cap status and potential for regional consolidation rather than fundamental earnings power.
As reported in financial statements, ROIC has fluctuated wildly from a peak of 8.9% in 2024Q3 to a negative 6.1% in 2025Q2, indicating that the company is currently struggling to consistently compound capital within the highly competitive and seasonally sensitive Appalachian energy infrastructure services market.
The inability to maintain a positive ROIC above the cost of capital suggests that the company's investments in its specialized equipment fleet are not yet yielding the expected operational efficiencies. Investors should monitor whether management can stabilize these returns as they shift focus toward higher-value electrical and mechanical installation projects.
According to recent quarterly filings, DSO has remained elevated, peaking at 112 days in 2025Q2, which highlights a structural inefficiency in converting project billings into cash and suggests that the company may be effectively financing its utility customers' capital expenditure cycles at the expense of its own liquidity.
The persistent volatility in the cash conversion cycle reflects the inherent risks of project-based revenue recognition in the E&C sector. Without a meaningful reduction in DSO, the company will likely continue to face liquidity constraints that limit its ability to fund organic growth without relying on external financing.
The P/E ratio is a fundamentally misapplied metric for ESOA, as it fails to account for the extreme volatility in net income caused by project-based accounting and seasonal revenue recognition, which frequently renders the earnings denominator meaningless for assessing the company's true long-term value creation potential.
Instead of relying on P/E, analysts should focus on EV/Sales or EV/EBITDA to normalize for the company's capital structure and the inherent lumpiness of its project-based earnings. These metrics provide a clearer view of the company's valuation relative to its revenue-generating capacity, stripping away the noise of non-recurring accounting adjustments.
Includes 30+ ratios · 20 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ESOA stock.
Energy Services of America Corporation's current P/E ratio is 737.3x. The historical average is 12.1x. This places it at the 100th percentile of its historical range.
Energy Services of America Corporation's current EV/EBITDA is 21.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.5x.
Energy Services of America Corporation's return on equity (ROE) is 0.6%. The historical average is 2.0%.
Based on historical data, Energy Services of America Corporation is trading at a P/E of 737.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Energy Services of America Corporation's current dividend yield is 0.54% with a payout ratio of 396.2%.
Energy Services of America Corporation has 9.4% gross margin and 1.0% operating margin.
Energy Services of America Corporation's Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.